HighPoint Advisor Group LLC Purchases 796 Shares of United Rentals, Inc. (NYSE:URI)

HighPoint Advisor Group LLC lifted its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 67.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,976 shares of the construction company's stock after acquiring an additional 796 shares during the quarter. HighPoint Advisor Group LLC's holdings in United Rentals were worth $1,245,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Forum Financial Management LP grew its holdings in shares of United Rentals by 1.9% in the 4th quarter. Forum Financial Management LP now owns 749 shares of the construction company's stock valued at $528,000 after buying an additional 14 shares during the period. Centaurus Financial Inc. grew its holdings in shares of United Rentals by 1.7% in the 4th quarter. Centaurus Financial Inc. now owns 999 shares of the construction company's stock valued at $704,000 after buying an additional 17 shares during the period. Leavell Investment Management Inc. grew its holdings in shares of United Rentals by 3.6% in the 1st quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company's stock valued at $323,000 after buying an additional 18 shares during the period. Baer Investment Advisory LLC grew its holdings in shares of United Rentals by 0.6% in the 1st quarter. Baer Investment Advisory LLC now owns 3,202 shares of the construction company's stock valued at $2,007,000 after buying an additional 18 shares during the period. Finally, HBK Sorce Advisory LLC lifted its position in United Rentals by 4.0% in the 1st quarter. HBK Sorce Advisory LLC now owns 490 shares of the construction company's stock valued at $307,000 after acquiring an additional 19 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Performance

URI stock traded up $14.51 during midday trading on Tuesday, hitting $792.53. The company's stock had a trading volume of 838,996 shares, compared to its average volume of 587,920. The stock's 50-day moving average price is $736.90 and its 200 day moving average price is $689.14. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.31. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $896.98. The stock has a market cap of $51.51 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 1.90 and a beta of 1.69.

United Rentals (NYSE:URI - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.92 by ($0.06). The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The business's quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $9.15 earnings per share. On average, equities analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.90%. United Rentals's dividend payout ratio (DPR) is currently 18.54%.

Insider Transactions at United Rentals

In other news, VP Andrew B. Limoges sold 708 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $705.86, for a total value of $499,748.88. Following the transaction, the vice president owned 1,921 shares in the company, valued at approximately $1,355,957.06. This represents a 26.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael D. Durand sold 1,100 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total transaction of $688,908.00. Following the completion of the transaction, the executive vice president owned 8,748 shares in the company, valued at approximately $5,478,697.44. This represents a 11.17% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on URI. JPMorgan Chase & Co. lifted their price target on shares of United Rentals from $920.00 to $950.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. UBS Group upgraded shares of United Rentals from a "sell" rating to a "neutral" rating and lifted their price target for the company from $485.00 to $780.00 in a research note on Friday, May 16th. Evercore ISI decreased their price objective on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a research report on Monday, May 19th. Cfra Research raised shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Redburn Atlantic downgraded shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective for the company. in a research report on Friday, June 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $772.77.

United Rentals Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.